The target for the main index remains unchanged at 4,276 points! Understand the short- and medium-term rhythm, and you won't be confused by 'bullish-bearish switching'.

Many friends are puzzled: why does my outlook shift between bearish and bullish, as if caught in the middle?

If you have this mindset, you're either a beginner just entering the market or a medium-term investor — the logic of short-term and medium-term trading is fundamentally different; never mix them up!

First, let me highlight the key point for medium-term investors: keep an eye on the 10-day moving average of the main index! Currently, the index is still above its 10-day trend. As long as it doesn't break below, there's absolutely no reason to turn bearish; even if it temporarily retraces, as long as it quickly rebounds the next day, it's fine. Only when it fails to reclaim the level should we worry about further declines. Regardless of how much consolidation occurs in between, my target for the main index remains clear — 4,276 points! Of course, this applies only to stocks at monthly lows; ignore those that have surged recently.

Now, let's discuss the short-term: the high-end phase is fading, and the profit-making effect has clearly cooled down. Don't be overly optimistic about the number of stocks rising in the short term — definitely avoid high-priced stocks! The risk hasn't fully been released yet, but I actually expect the main index to close higher tomorrow — the core reason being solid volume support. Whenever the index plunges sharply, funds will step in to absorb the sell-off.

This is what people often refer to as 'light on the index, heavy on individual stocks' — in plain terms, it's a situation where the index rises but most stocks fall, simply because sentiment hasn't bottomed out yet.

Short-term trading is straightforward: move toward lower-priced stocks! Look for individual stocks closely hugging their support lines, and trade them repeatedly through intraday swings — that's the essence of short-term trading. As long as the stock price doesn't break below support, keep rolling the trades; once it breaks, exit immediately — safe and efficient.

Finally, let me emphasize again: if you don't understand the short-term strategy, don't force yourself to hold on — otherwise, you might get misled. Medium-term investors should just firmly watch the 10-day moving average and not worry about short-term fluctuations!